This post was originally published on this sitehttps://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG1A0ON_L.jpg
DUESSELDORF, Germany (Reuters) – German wholesaler Metro (DE:) on Tuesday said it expects the future owners of its struggling Real hypermarkets unit to close less than 30 of the division’s stores, according to a staff letter by Metro CEO Olaf Koch that was seen by Reuters.
Metro earlier on Tuesday said it had reached a deal to sell Real, which has around 34,000 employees and about 270 stores, to X+Bricks and the SCP Group.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.